Tony Ring wants to attend Northeast College He will need 50

Last updated: 3/28/2024

Tony Ring wants to attend Northeast College He will need 50 000 5 years from today Assume Tony s bank pays 6 interest compounded semiannually What must Tony deposit today so he will have 50 000 in 5 years Use the Table 12 3 provided Note Do not round intermediate calculations Round your answer to the nearest dollar amount Amount to be deposited